Dynegy Inc. (NYSE:DYN) saw some unusual options trading activity on Friday. Stock traders bought 12,560 call options on the company. This represents an increase of approximately 5,853% compared to the typical volume of 211 call options.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Oppenheimer Asset Management Inc. increased its holdings in shares of Dynegy by 11.2% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,302 shares of the utilities provider’s stock worth $135,000 after buying an additional 1,643 shares during the last quarter. Legal & General Group Plc increased its holdings in shares of Dynegy by 1.4% during the 2nd quarter. Legal & General Group Plc now owns 187,960 shares of the utilities provider’s stock worth $1,556,000 after buying an additional 2,560 shares during the last quarter. Profund Advisors LLC increased its holdings in shares of Dynegy by 20.2% during the 2nd quarter. Profund Advisors LLC now owns 15,801 shares of the utilities provider’s stock worth $131,000 after buying an additional 2,655 shares during the last quarter. Metropolitan Life Insurance Co. NY increased its holdings in shares of Dynegy by 3.3% during the 1st quarter. Metropolitan Life Insurance Co. NY now owns 84,419 shares of the utilities provider’s stock worth $664,000 after buying an additional 2,712 shares during the last quarter. Finally, Voya Investment Management LLC increased its holdings in shares of Dynegy by 10.0% during the 2nd quarter. Voya Investment Management LLC now owns 53,376 shares of the utilities provider’s stock worth $441,000 after buying an additional 4,833 shares during the last quarter.

Shares of Dynegy (NYSE DYN) opened at $11.93 on Monday. The company has a current ratio of 1.97, a quick ratio of 1.47 and a debt-to-equity ratio of 5.46. Dynegy has a 1-year low of $5.84 and a 1-year high of $12.84.

A number of analysts have commented on the stock. Royal Bank Of Canada reiterated a “hold” rating and issued a $12.10 price objective on shares of Dynegy in a report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Dynegy from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine downgraded shares of Dynegy from a “hold” rating to a “sell” rating in a report on Friday. Deutsche Bank upgraded shares of Dynegy from a “sell” rating to a “hold” rating and set a $13.00 price objective for the company in a report on Tuesday, October 31st. Finally, Citigroup set a $12.00 price objective on shares of Dynegy and gave the company a “buy” rating in a report on Monday, October 30th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company. Dynegy currently has a consensus rating of “Hold” and an average target price of $12.34.

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Dynegy Company Profile

Dynegy Inc (Dynegy) is a holding company and conducts the business operations through its subsidiaries. The primary business of Dynegy is the production and sale of electric energy, capacity and ancillary services from the fleet of 18 operating power plants in six states totaling approximately 12,300 megawatt (MW) of generating capacity.

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